Metaverse Stock Screen with Positive Returns and a Limited Opening Gap

Summary

The proposed screen focuses on stocks classified in the metaverse sector, requires a positive return, and limits the rise at the 9:25 pre-open observation to less than 6%. The formula examples express positive performance as the latest close relative to the previous close and measure the opening gap against the previous close. The document offers illustrative selection logic, but provides no backtest, sample portfolio, or performance evidence.

It argues that limiting the early price rise may avoid stocks that have already moved sharply, while cautioning that a strict cutoff can exclude strong performers. Suggested refinements include relaxing the gap threshold and adding fundamental or technical filters such as valuation, profitability, moving averages, or RSI. The written final selection also mentions unspecified fundamental and technical checks, so it is broader than the fully specified conditions. Data timing and consistent definitions of sector membership and returns would need attention before implementation.

Key ideas

• The screen selects metaverse-sector stocks with positive returns and a pre-open rise below 6%.
• The examples compare the opening price with the previous close to calculate the gap.
• A strict opening-gap limit may filter out stocks that later perform well.
• The document suggests adding fundamental or technical filters but gives no evidence of strategy performance.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.